LUKOIL Group total hydrocarbon production available for sale reached 2,225 th. boe per day in the first quarter of 2009, which is a 1.5% increase y-o-y. Crude oil production by LUKOIL Group increased by 3.2% y-o-y to 1,976 th. barrels per day.

Crude oil production of LUKOIL Group in the first quarter of 2009 totalled 24.13 mln tons. At the same time, crude oil output from the Yuzhnaya Khylchuya field reached 1.5 mln tons. Natural and petroleum gas output of LUKOIL Group available for sale was 3.81 bcm: output as part of international projects totalled 1.22 bcm (grew by 34.2% y-o-y), output inRussia was down 23.4% y-o-y to 2.59 bcm. The decrease in gas output available for sale in Russia was due to the decrease in purchases of gas from Gazprom.

Throughputs at the Company’s refineries (including its share in throughput at ISAB refining complex) increased by 7.3% y-o-y in the first quarter of 2009 and reached 14.28 mln tons. Throughputs at the Company’s refineries in Russia decreased by 1.5% y-o-y, throughputs at the Company’s international refineries grew by 50.6% y-o-y.

Hydrocarbon production available for sale, th. boe per day

1Q2009

1Q2008

Growth

Hydrocarbon production, th. boe per day

2,225

2,193

+1.5%

Crude oil output, th. bpd*

1,976

1,915

+3.2%

Natural and petroleum gas output available for sale, th. boe per day**

249

278

-10.4%

Crudeoiloutput,th.tons

1Q2009

1Q2008

Growth

LUKOIL Group output:

24,127

23,622

+2.1%

Including

Subsidiary companies

23,520

23,028

+2.1%

Share in affiliated companies

607

594

+2.2%

Russia:

22,731

22,269

+2.1%

Including

Subsidiary companies

22,656

22,196

+2.1%

Share in affiliated companies

75

73

+2.7%

International projects:

1,396

1,353

+3.2%

Including

Subsidiary companies

864

832

+3.8%

Share in affiliated companies

532

521

+2.1%

LUKOIL Group output,th. bpd*

1,976

1,915

+3.2%

* Conversion ratio from tons to barrels characterizes the density of oil from each of LUKOIL oilfields. ** Conversion ratio from cubic meters to barrels of oil equivalents is 1,000 cubic meters = 5.885 boe.

Owned refineries**

14,285

13,318

+7.3%

Russia

10,929

11,090

-1.5%

International

3,356

2,228

+50.6%

Third-party refineries

1,086

1,346

-19.3%

** Including mini-refineries and the Company's share in ISAB refining complex.

The information is based on preliminary operating data, which may be adjusted and corrected during preparation of LUKOIL financial accounts for the first quarter of 2009. So the figures in this press-release may differ from operating statistics, which will be published together with the financial accounts.